Yoma Strategic Holdings Ltd.

Norfund has established a joint venture with the Myanmar group Yoma Strategic to provide solar power solutions to telecoms towers in Myanmar.

The Project expects to secure long term power supply contracts with telecommunications towers and telecommunications network operators in off-grid locations, which will serve as the anchor tenant. Distribution generation micropower plants will be set up around such areas, powered by a combination of PV solar modules, diesel generators and energy storage solutions, with surrounding communities connected through mini grids. The Project aims to generate a commercial return on investment, while providing reliable and access to clean electricity in rural locations, allowing villages in remote locations to thrive and develop.

About Yoma Strategic Holdings Ltd.

Listed on the Main Board of the Singapore Securities Exchange Trading Limited (SGX-ST), Yoma Strategic Holdings Ltd. is a leading business corporation with a diversified portfolio of businesses in Real Estate, Consumer, Automotive & Equipment, and Investments in Myanmar. Together with its partner, the SPA Group, the Group is taking a conglomerate approach to build a diversified portfolio of businesses in Myanmar.